Archive for Worldwide Citizenship Taxation

Register Today For TaxConnections YouTube Live Stream Debate On U.S. Taxing Citizens Worldwide On Friday, May 17th 2019

TaxConnections LiveStream

We invite you all to join us at TaxConnections Live Stream Event Friday, May 17th 2019. This is a wonderful opportunity for taxpayers and tax professionals to learn from leading experts about the taxation of U.S. citizens worldwide. Their views are certain to have many people talking about this presentation!

John Richardson will present on why citizenship taxation is not justified and Edward Zelinsky will present why it is a justified law of the U.S. government. TaxConnections is proud to introduce these leading experts along with our Moderator William Byrnes who has written numerous international tax treatises on the subject.

Just One Day Away – REGISTER HERE TO ATTEND

It is a TaxConnections complimentary live stream presentation.

Written by | Posted in Worldwide Citizenship Taxation

How Do U.S. Tax Rules Constrain The Investment Choices Of US Taxpayers Living In Australia?

John Richardson 4

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join us on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

Think of it! With the exception of the United States, when a person moves away from the country and establishes tax residency in another country, they will no longer be taxed as a resident of the first country.

But in the case of the United States: If a U.S. citizen moves from the United States and establishes tax residency in a new country: (1) they will STILL be taxable as a tax resident of the United States (2) they will be subjected to a separate and more punitive system of taxation! (3) they will have to engage in financial planning according to the rules of the tax system where he resides.

We will now see how being subject to the U.S. tax system disables the individual, from being able to engage in the normal financial planning, that is optimal under the tax system where he resides. In effect, he will lose the tax benefits which are available to “non-U.S.” residents of his country of residence. The biggest cost of this is NOT the additional tax. The biggest cost is the opportunity cost of being disabled from normal financial planning. A discussion of “lost investing opportunity” in Canada is here. Dr. Karen Alpert will now explain how the “loss of opportunity” works in an Australian context.

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Former ACA Tax Director Jackie Bugnion Recalls The 2014 Kirsch Schneider Debate On Citizenship-Based Taxation

John Richardson CBT

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join us on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

This is part of a series of post I have written as a run up to the May 17, 2019 Tax Connections discussion about U.S. citizenship-based taxation.

Introducing Jackie Bugnion …

Jackie Bugnion was an important part of “American Citizens Abroad” for many years. She has an unusually nuanced understanding of the problems that citizenship-based taxation inflicts on Americans abroad. She was (and continues to be) a tireless advocate for the principle that the United States must transition to a system of residence-based taxation. When she retired she was the Tax Director at ACA. She was the author of some of the very best articles about citizenship-based taxation.

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Written by | Posted in Worldwide Citizenship Taxation

TaxConnections Hosts Worldwide Citizenship Taxation Debate: You Are Invited To Attend Friday, May 17th 2019

Lets Debate 2

Lawyers John Richardson and Edward Zelinsky will present their views on Worldwide Citizenship Taxation on a live stream YOUTUBE event hosted by TaxConnections on Friday, May 17th 2019. The mission of this presentation is to provide important views on Worldwide Citizenship Taxation.

We have asked the following question to both speakers:

“Should The United States Impose Worldwide Citizenship Taxation And Reporting On People Who Are Residents Of Other Countries?”

TaxConnections Friday, May 17th Livestream Presentation Will Focus On:

1. Presenting two opposing perspectives on Worldwide Citizenship Taxation.

2. Educate taxpayers and tax professionals on worldwide citizenship taxation.

3. Provide perspective from taxpayers and tax professionals globally.

Please register to receive an invitation and updates on this very important and educational online event. You can help us by sharing this blog post with everyone you know who may be affected by Citizenship Based Taxation and who want to learn from two leading experts on the subject.

Register Here For Complimentary Invitation To Watch Live Stream

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It Hurts My Heart: The Case for Fairer Taxation of Non-Resident US Citizens (Part 4 of 4)

John Richardson part 4

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join me on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

You are invited to submit your questions in advance. In fact, PLEASE submit questions. This is an opportunity to engage with Homelanders in general and the U.S. tax compliance community in particular.

Thanks to Professor Zelinsky for his willingness to engage in this discussion. Thanks to Kat Jennings of Tax Connections for hosting this discussion. Thanks to Professor William Byrnes for his willingness to moderate this discussion.

Tax Connections has also published a number of posts written by Professor Zelinsky (who apparently takes a contrary view).

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Why Tax Basis Is So Important

Charles Woodson 5

For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase shares of a stock for $1,000, your basis in that stock is $1,000; if you then sell those shares for $3,000, the gain is calculated based on the difference between the sales price and the basis: $3,000 – $1,000 = $2,000. This is a simplified example, of course—under actual circumstances, purchase and sale costs are added to the basis of the stock—but it gives an introduction to the concept of tax basis. The basis of an asset is very important because it is used to calculate deductions for depreciation, casualties, and depletion, as well as gains or losses on the disposition of that asset.

The basis is not always equal to the original purchase cost. It is determined in a different way for purchases, gifts, and inheritances. In addition, the basis is not a fixed value, as it can increase as a result of improvements or decrease as a result of business depreciation or casualty losses. This article explores how the basis is determined in various circumstances.

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Register To Access May 17th 2019 Online Event: Fantastic Learning Opportunity For Tax Professionals And Expatriates

You Are Invited

On Friday May 17th, TaxConnections is hosting a live stream YouTube Event with lawyers John Richardson and Edward Zelinsky. We have invited William Byrnes to be our Moderator. The purpose of this live stream event it to present two completely different views on the taxation of US citizens worldwide.

Over the last several years, we have watched as taxpayers unaware are totally caught in the web of FATCA filings. It has come to be a very difficult problem for many to grasp and equally as problematic for the tax community involved in these filings.

This educational event is ideal for taxpayers and tax professionals to grasp a better understanding of the issues surrounding U.S. taxpayers who reside in other countries or who many have married a U.S. citizen yet reside in another country.

Fortunately, we are bringing you what we consider to be internationally recognized experts on the topic of the taxation of U.S. citizens worldwide. Whether you are an expatriate, a tax advisor, a student in tax or an interested bystander, you will be surprised by what you learn regarding the U.S. position on the taxation of citizens worldwide.

Your participation of this event by watching will make a difference as we educate a world of citizens. You can help by sharing this article with your friends and asking them to watch it on YouTube Friday, May 17th 2019 starting 2:00PM EST/11:00AM PDT.

Read About It Here And Register For Access To Online Event

 

Written by | Posted in TaxConnections • Worldwide Citizenship Taxation

It Hurts My Heart: The Case for Fairer Taxation of Non-Resident US Citizens (Part 3 of 4)

John Richardson Part 3

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join me on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

You are invited to submit your questions in advance. In fact, PLEASE submit questions. This is an opportunity to engage with Homelanders in general and the U.S. tax compliance community in particular.

Thanks to Professor Zelinsky for his willingness to engage in this discussion. Thanks to Kat Jennings of Tax Connections for hosting this discussion. Thanks to Professor William Byrnes for his willingness to moderate this discussion.

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Written by | Posted in Worldwide Citizenship Taxation

It Hurts My Heart: The Case For Fairer Taxation Of Non-Resident U.S. Citizens (Part 2 of 4)

John Richardson Part 2

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join us on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

You are invited to submit your questions in advance. In fact, PLEASE submit questions. This is an opportunity to engage with Homelanders in general and the U.S. tax compliance community in particular.

Thanks to Professor Zelinsky for his willingness to engage in this discussion. Thanks to Kat Jennings of Tax Connections for hosting this discussion. Thanks to Professor William Byrnes for his willingness to moderate this discussion.

Tax Connections has published a large number of posts that I have written over the years (yes, hard to believe it has been years). As you may know I oppose FATCA, U.S. citizenship-based taxation and the use of FATCA to impose U.S. taxation on tax residents of other countries.

Tax Connections has also published a number of posts written by Professor Zelinsky (who apparently takes a contrary view).

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Worldwide Taxation Of US Citizens – Register To Attend Online Live May 17th 2019

Kat Jennings - Worldwide Citizenship Taxation

The interest in TaxConnections Live Stream Event featuring Lawyers John Richardson and Edward Zelinsky is drawing a very high level of interest throughout the world. With registrations and commentary already surpassing our expectations, this presentation on worldwide taxation vs. residence based taxation of U.S. citizens is going to be a globally engaged encounter.

We have compiled a list of questions as they continue to come to us from those who have registered to be informed on how to attend the live stream event. The participation to date has been exciting and for this reason we are working to get all of your questions answered by lawyers John Richardson and Edward Zelinsky or another member of the www.taxconnections.com platform.

In the meantime, here is a question submitted by one of our visitor taxpayers that I want to share with all of you.

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How Do I Protect Myself?: A Case Study In The Marginalization of Americans Living Overseas (Part 1 of 4)

John Richardson - Live Stream Event On

Before moving to the post, if you believe that Americans abroad are being treated unjustly by the United States Government: Join me on May 17, 2019 for a discussion of U.S. “citizenship-based taxation” as follows:

You are invited to submit your questions in advance. In fact, PLEASE submit questions. This is an opportunity to engage with Homelanders in general and the U.S. tax compliance community in particular.

Thanks to Professor Zelinsky for his willingness to engage in this discussion. Thanks to Kat Jennings of Tax Connections for hosting this discussion. Thanks to Professor William Byrnes for his willingness to moderate this discussion.

Tax Connections has published a large number of posts that I have written over the years (yes, hard to believe it has been years). As you may know I oppose FATCA, U.S. citizenship-based taxation and the use of FATCA to impose U.S. taxation on tax residents of other countries.

Tax Connections has also published a number of posts written by Professor Zelinsky (who apparently takes a contrary view).

Read More

Written by | Posted in Residence Based Taxation • TaxConnections • Worldwide Citizenship Taxation

Citizenship Taxation Online Event: View Questions Below And Watch TaxConnections Live Stream Event On Friday, May 17th 2019

Citizenship Taxation Live Stream Event

You are all invited to TaxConnections Live Stream Event with speakers John Richardson and Edward Zelinsky on Friday, May 17th 2019. Register Here and we will send you updates and reminders how to access this event. Both lawyers are experts on the topic of worldwide taxation and offer two perspectives on the issue faced by so many U.S. expatriates today.

There is a considerable participation and interest on the part of expatriates worldwide. We are sharing the insightful questions that have already been sent to us to ask the speakers. The presentation and the questions provide an extraordinary educational opportunity for everyone joining this free live stream event via YouTube.

REGISTER AND WE WILL KEEP YOU INFORMED

Here are the questions being asked our speakers.

The General Accounting Office (GAO) recently issued a report citing numerous problems directly linked to citizenship-based taxation and FATCA affecting expats while overseas. One of the issues raised was the ability of Americans to hold jobs. Does it serve the national interest where Americans cannot compete globally for jobs?

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Written by | Posted in TaxConnections • Worldwide Citizenship Taxation